🚗 Porsche has announced plans to cut an additional 5,000 jobs by 2035 as part of its second restructuring package.
🚀 Kraken is set to acquire the crypto wallet business Magic Labs. The transition will take place under Payward Services, with Magic Labs rebranding as Newton Labs. The new entity will focus on the Newton Protocol.
🌟 An increasing number of companies, which previously rebranded to focus on purchasing cryptocurrency for their balance sheets, are now shifting their attention to AI business. This comes as their stock prices have plummeted by tens of percent alongside the crypto market. The move aims to regain investor confidence, as reported by BBG.
🛢🇷🇺 The ruble tax price of Russian oil in July was 19% lower than the budget target, according to calculations by RTRS. From July 1 to 24, the ruble tax price for Russian oil stood at 4,406 rubles per barrel.
🇨🇭 The Swiss National Bank is expected to maintain its interest rate at 0% until the end of 2027, according to sources from Bloomberg.
🚀 Nvidia is investing in Safe Superintelligence, although the terms of the deal have not been disclosed. Safe Superintelligence was co-founded by Ilya Sutskever, a co-founder of OpenAI.
✨ Strive Asset Management, led by Vivek Ramaswamy, former partner of Elon Musk at the Department of Government Efficiency (DOGE), has acquired an additional 79 BTC. This purchase has brought the company's total balance to over 20,000 BTC.
🇷🇺 The share of non-residents in Russian OFZ bonds decreased to 3% in June 2026, according to the Central Bank of Russia.
🇨🇳 China has begun mass production of domestically manufactured immersion DUV lithography machines for the creation of chips using far-ultraviolet radiation. This marks a significant step in Beijing's efforts to establish a localized chip supply chain and to circumvent Western technologies, according to The Information. As a result, shares of global competitors, including ASML, AMAT, LRCX, and KLAC, have started to decline.
💥🇺🇸 The US bank stock index has reached a historic high, setting a new record. This milestone reflects the strong performance of the banking sector amid various economic conditions. Investors are closely monitoring this trend as it may signal further growth opportunities in the financial market. For more details, visit this link.
🇺🇸 Hedge funds have increased their long positions in U.S. healthcare stocks to a five-year high, according to Goldman Sachs. This trend reflects growing confidence in the sector's potential for growth and stability amidst market fluctuations. The rising investments indicate a bullish sentiment among investors, highlighting the healthcare industry's resilience in uncertain economic conditions.
⚠️🇺🇸🇷🇺 A vote in the U.S. Senate on the "Hellish Sanctions" against Russia is expected on July 28, according to Punchbowl News.
⚠️✴️🇺🇸 Strategy plans to maintain a consistent and disciplined buying approach for STRC preferred shares below $100, with purchases increasing as the price drops, according to Michael Saylor. When STRC trades above the nominal price of $100, Strategy initiates an at-the-market (ATM) program to issue and place new shares, using the proceeds to buy Bitcoin. Conversely, if STRC falls below $100, the issuance of new shares is automatically suspended, halting new capital for BTC purchases. Today, it was revealed that Strategy conducted a buyback of STRC shares for the first time instead of purchasing Bitcoin.
🚀 Amazon has submitted an application to the Federal Communications Commission (FCC) to launch a constellation of 5,105 satellites by 2028. This initiative aims to compete with SpaceX's Starlink in the satellite internet market.
🇷🇺 Russia is maintaining communication with Telegram regarding the restoration of access to the messenger, but there has been little activity from the messenger side, according to Peskov.
🇺🇸 OpenAI CEO Sam Altman is set to meet this week with representatives from the Trump administration, senators, and economists to showcase future AI models, according to CNBC.
⚠️🇺🇸 Tesla shares are currently at the same level as they were a year ago and nearly five years ago, dating back to October 2021. According to previous reports, Elon Musk may be attempting to pivot Tesla from electric vehicles to humanoid robots. Musk has stated that Tesla plans to start selling humanoid robots to the general public by the end of 2027. Former President Trump has claimed that robots will become a significant business opportunity.
🤖 A startup, Foundation Future Industries, backed by Eric Trump, has announced a partnership with AMD to develop autonomous humanoid robots for industrial and military use. The company has already begun testing its soldier robots, Phantom MK-1, in Ukraine to assess their combat effectiveness. For more details, visit the full story here.